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Futures rice sales target 1m tonnes

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The Commerce Ministry aims to sell 1 million tonnes of rice from state stockpiles through the futures market by June. 

So far, it has sold 510,000 tonnes in eight auctions through the Agricultural Futures Exchange of Thailand (AFET), said caretaker Deputy Minister Yanyong Phuangrach on Saturday.

If achieved, the sales will fetch 10 billion baht, he said.

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